SlideShare a Scribd company logo
1 of 37
Download to read offline
IMC 613, Week 9: Harry’s Brand Audit 
Colin Haas 
October 19, 2014
EXECUTIVE SUMMARY 
Harry’s has been a brand built on design and experience, much like Apple. While 
Harry’s and Apple both have strong brand elements, Apple has excelled in their 
marketing and advertising of the products they design. This has been the key area 
where Harry’s has fallen short in their efforts. The brands that grow their influence and 
ultimately their bottom line are the brands that remember it’s about human-to-human, 
not business to consumer. While brands like Gillette, Schick, and Bic all advertise to 
the consumer, our goal is to create relationships with the consumer. Building out 
brand associations with other retailers, like Gap and Banana Republic, while continuing 
to deepen current relationships with J.Crew and Birchbox Man. On top of these brand 
associations, a visual marketing plan would also be put into place, as today’s 
consumers are more visual than ever. Going hand in hand with a video marketing plan 
would be a content marketing strategy. Through the creation of a content hub, Harry’s 
would share “how-to” videos that teach men how to shave properly and other “how-to” 
videos. Last, Harry’s has a beautifully designed responsive website, it would also be a 
great idea to create a smartphone app that sends push notifications to current 
customers. Sending reminders to purchase new blades or even promotional push 
notifications, for those special handles that get promoted at different points of the year. 
While Harry’s has crafted beautifully designed products to create an experience in the 
“original man-cave,” it’s important they create avenues to share the Harry’s experience 
and something Dollar Shave Club has done exceptionally well through video. Today is 
the day to grow Harry’s market share. Let’s seize it!
BACKGROUND 
In 2012, the shaving segment, which included razors, blades and shaving cream, 
generated retail sales of approximately $3.6 billion U.S. dollars (Statista, 2014). While 
the shave category came in fifth, it held a 3.6% of the retail sales in the beauty and 
personal care market for 2012 (Statista, 2014). In 2013, razor blades took a 7.6% 
share of online purchases for consumer packaged goods (Statista, 2014). Part of that 
percentage can be credited to recent startup, Harry’s and their products. Challenging 
the market will be an up hill battle, as they not only go up against Dollar Shave Club, 
but P&G’s Gillette and Schick brands, as well as Bic. The good news, is that less than 
a year after its launch, Harry’s had gained more than 100,000 customers and climbing 
(Gross, 2014). 
Born in 2013, Harry’s – which dispenses high-end shaving goods at low prices via its 
website – it aims to steal market share from the Gillettes of the world by appealing to 
time-crunched Millennials and Boomers who appreciate the company’s no-nonsense 
online approach to men’s grooming products (Cava, 2014).
Harry’s Brand Position & Inventory 
Harry’s is still in the startup phase, raising $122.5 million last summer and then 
spending $100 million to buy a 93-year-old German manufacturer of premium blades 
(Cava, 2014). 
Points-of-Parity 
Two POP’s that stand out for Harry’s, can also be said for their direct competitor, 
Dollar Shave Club. Harry’s offers quality razors, at a discounted price, compared to 
their in-store competitors. The second point-of-parity for Harry’s is their subscription 
service for their razor blades. 
Depending on the frequency of how much you shave, Harry’s will charge you $31 per 
shipment of 2, 3, or even 5-months (Harry’s, n.d.). Dollar Shave Club (n.d.) does 
something similar with their Humble Twin, 4X, and Executive blade offerings. 
Points-of-Difference
A key POD that really resonates with Millennials, is the Harry’s brand gives to charities. 
Harry’s (n.d.) gives 1% of their sales and at least 1% of their time to organizations that 
prepare people for personal and professional success. 
Target Market 
According to co-founder, Katz-Mayfield, “Our customer tends to be a 25-to 45-year-old 
guy who is kind of grown up and considered and thought about purchase decisions 
and wants a brand that speaks to him as a mature adult.” (Gross, 2014). 
Allocation of Branding Resources 
The shaving market is an established market, with challengers, Dollar Shave Club 
launching in 2012 and Harry’s launching in 2013. Harry’s was built on the idea of 
building a brand predicated on a really high-quality product, thoughtful design, and 
doing it at a really affordable prices as a way to build trust, respect, and loyalty (Gross, 
2014). Proctor & Gamble has focused on the technology of their shavers and razor 
blades, to help justify the price of their products. Harry’s has focused more on the 
design and aesthetics of their razors, where as they need to be emphasizing the low 
prices of their blade refills. Customers are tired of walking the aisles of the 
supermarket and staring at an endless selection of blades. What if we didn’t have too? 
This is where Harry’s should focus their attention too, and is the foundation of what 
Dollar Shave Club is built on.
Benefits Gained 
By focusing on this POV and letting the other pieces fall into place, it will help build 
Harry’s customer-based brand equity. Using all forms of non-traditional advertising to 
affectively focus on price-value, Harry’s could break into double-digit market share, 
while continuing to raise brand awareness. The expectation is to see Harry’s have a 
10% market share through these branding and marketing activities. 
Harry’s and the Competition 
Harry’s wasn’t just chosen as a challenger brand due to the market dominance of 
Gillette, but because of the potential of this startup and the success of its big brother, 
Warby Parker. Harry’s has continued adding customers, thanks in part to word-of-mouth 
and organizational partnerships. 
P&G’s Gillette and Schick Brands 
Gillette was a brand founded in 1904, but the Gillette product line of razors and 
personal care products became part of Procter & Gamble when P&G bought the 
company in 2005 (Forbes, 2013). There is no denying that Gillette is king of the
mountain when it comes to the blades and razors market, as you can see from the 
graphic, Gillette had a 66% hold on the market in 2011. Razors are one of the most 
profitable businesses for P&G, with operating margins of 31% and 70% control of the 
global blades and razors market, led by Gillette (Forbes, 2013). Presently, P&G holds 
over 20% of the male shaver market (P&G, 2014). 
Bic 
The shaver category makes up a large portion of Bic’s net sales, coming in the 3rd spot, 
for 2013 (Bic, 2014). 
However, in the U.S. markets, Bic is down compared to last year at this time, with an 
overall category decline of -3.7% (Bic, 2014).
Dollar Shave Club 
A third competitor and also from the startup scene, is Dollar Shave Club. The Venice, 
California startup has a much more different vibe and business model that is more 
direct and democratic (Gross, 2014). According to Gross (2014), they are less 
concerned with design and German engineering and more concerned with fun, 
convenience, and saving money. To prove that, Dollar Shave Club’s tagline reads, “our 
blades are f***** great” (Gross, 2013). Where Harry’s is at the low-end of the 100K 
subscribers, Dollar Shave Club is closing in on 750K. Although no official numbers 
have been released by either brand. 
If Harry’s can focus on value first and engineering second, they could overtake Dollar 
Shave Club and Bic, in a rather short period of time. All while continuing to solidify 
deeper ties with specific companies like Birchbox Man. 
II. BRAND INVENTORY 
Most men’s grooming products are ornate, futuristic and generally chintzy – the few 
classic options, on the other hand, are priced out of most men’s reach. So what’s a 
guy to do? Harry’s is a freshly launched men’s grooming line that’s bringing an
enjoyable shave experience to the common man (Thorne, 2013). The co-founders 
expressed the idea of building a brand predicated on a really high-quality product, 
thoughtful design, and doing it at a really affordable price as a way to build trust, 
respect, and loyalty (Gross, 2014). Like Warby Parker, Harry’s has its own aesthetic 
and gives a chunk of its sales to charities. Buy a razor and they give a single five-blade 
razor. The shavers have preppy names – there’s the $10 Truman and the $20 Winston 
(naturally, the one named after the British statesman costs more.) But the cartridges 
cost a mere $1.88 each – including free shipping (Gross, 2014). 
When it comes to the quality of these blades, Harry’s uses a “gothic arch” blade. The 
gothic arch lasts longer, compared to the disposable blades of Bic and Gillette, which 
shows the value and durability of the Harry’s blades. The style and design of Harry’s 
“Truman” and “Winston” handles have just that in mind, classic look with a modern 
feel. Harry’s tagline speaks directly to price, it’s a great shave at a fair price. Dollar 
Shave Club, Harry’s direct competitor comes from the angle of lowest price. As 
Harry’s is about an experience, as you will see from their package design and layout. 
BRAND ELEMENTS 
Name 
Keller (2013) tells us that brand names come in many different forms. So just how did 
Jeff Raider, co-founder of Harry’s, come up with the name for the new shaving 
venture? Raider ascribes their success to a three-part naming exercise, which first 
starts with coming up with a list of names and run them by friends, family, and
colleagues (Brodsky, 2014). Which names resonate? Second, they ask them why one 
name resonates more than another. What did they associate with the names? Lastly, 
they see which one sticks. Days later, which names can’t they get out of their heads? 
(Brodsky, 2014). As Raider explains, even the name “Harry’s” is meant to instill a 
sense of tradition (Thorne, 2013). 
Logo 
That same sense of tradition is also encapsulated in the woolly mammoth logo, as it 
represents both an untamed mane and the evolution of grooming (Thorne, 2013). The 
hairy, tusked logo whimsically adorns each Harry’s cartridge box. However, there is 
another logo too – an uppercase H with an apostrophe (but no “s”) stamped into each 
razor handle and emblazoned in the 3.4 oz. tubes of shaving cream (Tschorn, 2013). 
Package Design
Harry’s package design sports a simple and clean looking design that only 
communicates the brand elements. The aesthetically pleasing design is carried out in 
the desaturated blue-and-red packaging to the clean lines of the handle (Thorne, 
2013). 
Brand Associations 
Harry’s teamed up with Uncrate, the leading buyer’s guide for men, to offer a limited 
edition Harry’s/ Uncrate starter kit. Tying Harry’s to Uncrate instantly put the brand in 
front of 1.5 million monthly readers (Uncrate, n.d.). 
Harry’s also teamed up with Birchbox/ Birchbox Man, the leading discovery commerce 
platform. Birchbox (n.d.) is redefining the retail process by offering consumers a 
unique and personalized way to discover, learn about, and shop the best beauty, 
grooming, and lifestyle products on the market. Harry’s was offered one of the
monthly Birchbox Man subscription boxes, along with free Harry’s product to the 
bloggers of Birchbox “Man Influencer” program. 
Sales Pitch/ Tagline 
“Great Shave. Fair Price.” 
Harry’s Product Offerings 
Any great shave starts with the blade, so Raider relied on German engineers to create 
a reliable sequence of blades arranged in a “gothic arch” for closeness (Thorne, 2013). 
The blade cartridges are flexible, allowing for a “paintbrush effect” while shaving that 
adjusts to contours as it moves.
The handle for Harry’s “Winston” razor is likewise thought out, made from precision-grade 
aluminum and weighted for easy handling (Thorne, 2013). The “Truman” handle 
was designed for comfort, significance, and control. A curved rod of zinc alloy forms 
the solid base of the Truman, while a blend of high-quality polymers and waterproof 
lacquer yields a smooth exterior (Harrys, n.d.). According to Harry’s (n.d.) the handle 
should feel like an extension of your hand.
Harry’s (n.d.) took on the task of sculpting a design that blends timeless simplicity and 
modern ergonomics. 
There are currently two options of handles, the “Truman,” which comes with the handle 
and one razor, and choice of color for $10. The other upscale option is the “Winston,” 
which also comes with a razor cartridge for $20. 
For those wanting to beyond the handles, the starter kits will come with your choice of 
the “Winston” or the “Truman” handle, 3 blades, and a foaming shave gel or a tube of 
shave cream (Harry’s, n.d.).
Just like their handles, Harry’s also sells all their products as individual items. 
However, if you don’t want to think about it for awhile, you can also order refill sets that 
come with 8 blades and your choice of foaming shave gel or shave cream. 
Harry’s also ties all the products sold separately, into three different shave plans. Each 
plan ships with 8 blades and 2 shave gels or creams, with the only difference being the 
frequency in shipping. According to Harry’s (n.d.) the “Everyday Shaver” ships every 2 
months, the “Occasional Shaver” ships every 3 months, and the “Infrequent Shaver” 
ships every 5 months. 
Marketing Support Programs 
As of now, Harry’s is using social media and their brand associations to leverage brand 
awareness. Harry’s has also tapped into the tech podcast community, like the 
MacWorld podcast. Offering $5 off codes to any new customer who places an order
over $25. However, they didn’t stop at podcast, leveraging other brands like J. Crew 
to offer discounts and grow their presence through J. Crew’s existing community. 
Existing customers get emailed reminders when it’s time to order new blades. Harry’s 
has also gained a lot of earned media and PR from news sources like Fast Company, 
Entrepreneur, and other business news outlets. Both founders said there wouldn’t be 
celebrity endorsers or other high-profile figures as part of Harry’s marketing plan. 
Rather, they want credible sources – such as grooming editors at major magazines and 
satisfied customers – to spread the word (Caminiti, 2014). According to Raider, “If we 
can take people one by one and give them an incredible shaving experience, then over 
time we think we can capture a really big audience.” (Caminiti, 2014). 
Competitive Environment 
Harry’s believes its razors – indeed, its whole take on the male ritual of shaving – will 
appeal to young, tech-savvy men who appreciate design and performance but 
understand value. “These are guys who are forward thinking, reasonably well 
educated, and they care about what they wear and how they look,” said Raider 
(Caminiti, 2014). As of May, there were more than 100,000 Harry’s customers in the 
U.S. and Canada, 90% of whom reorder, the company claimed (Caminiti, 2014). 
Points-of-Parity 
Two POP’s that stand out for Harry’s, can also be said for their direct competitor, 
Dollar Shave Club. Harry’s offers quality razors, at a discounted price, compared to 
their in-store competitors. The second point-of-parity for Harry’s is their subscription
service for their razor blades. Depending on the frequency of how much you shave, 
Harry’s will charge you $31 per shipment of 2, 3, or even 5-months (Harry’s, n.d.). 
Dollar Shave Club (n.d.) does something similar with their Humble Twin, 4X, and 
Executive blade offerings. 
Points-of-Difference 
A key POD that really resonates with Millennials, is Harry’s giving to charities. Harry’s 
(n.d.) gives 1% of their sales and at least 1% of their time to organizations that prepare 
people for personal and professional success. 
Harry’s (n.d.) started H’University, as another way to connect, by allowing college 
students to apply to the program and be taught by some of the best startup 
entrepreneurs through webinars.
By the end of the program, not only will you have extra lines on your resume, but have 
the chance to be hired by one of Harry’s hiring partners (Harry’s, n.d.). It’s important to 
note, that none of the other competitors have any type of program like this. Dollar 
Shave Club only offers a subscription-model service, and it comes in brown mailer 
envelope.
P&G’s Gillette and Schick Brands 
Gillette was a brand founded in 1904, but the Gillette product line of razors and 
personal care products became part of Procter & Gamble when P&G bought the 
company in 2005 (Forbes, 2013). There is no denying that Gillette is king of the 
mountain when it comes to the blades and razors market, as you can see from the 
graphic, Gillette had a 66% hold on the market in 2011. Razors are one of the most 
profitable businesses for P&G, with operating margins of 31% and 70% control of the 
global blades and razors market, led by Gillette (Forbes, 2013). Presently, P&G holds 
over 20% of the male shaver market (P&G, 2014). 
Dollar Shave Club 
A third competitor and also from the startup scene, is Dollar Shave Club. The Venice, 
California startup has a much more different vibe and business model that is more 
direct and democratic (Gross, 2014). According to Gross (2014), they are less 
concerned with design and German engineering and more concerned with fun, 
convenience, and saving money. To prove that, Dollar Shave Club’s tagline reads, “our 
blades are f***** great” (Gross, 2013). Where Harry’s is at the low-end of the 100K 
subscribers, Dollar Shave Club is closing in on 750K. Although no official numbers 
have been released by either brand. 
According to Marketwatch in 2013, Gillette led the market with 59.7% share of the 
business. Meanwhile, runner-up, Schick took 18.1%, followed by Bic at 5.9%. 
Leaving 16.3% to other manufacturers, and currently Dollar Shave Club, nor Harry’s 
states their share.
Harry’s Brand Hierarchy 
Harry’s offers two options to website visitors: Products and shave plans. Under shave 
plans, there are three options and you choose a plan and you’re done. This is the 
same for Dollar Shave Club also, and the only option for DSC. Harry’s also offers their 
products sold individually too. This is broken down into three categories: Starter sets, 
refills, and shave supplies. Shave supplies are all of their offerings sold separately, 
which is great for the curious skeptic. 
Source: CB Insights 
The above image is the investments raised by angel investors and capital firms for both 
Harry’s Razor Company and Dollar Shave Club. Harry’s has raised $136.6 million 
compared to Dollar Shave Club’s $24 million. 
III. Brand Exploratory 
Previously, we discussed the brand audit, from the brand-side of the business. Now 
we will discuss the brand exploratory, which provides detailed information about what
consumers actually think of the brand (Keller, 2013). Let’s take a look at how Harry’s 
product offerings and services fit together from the consumer’s perspective. 
Harry’s Products (Consumer Perspective) 
Harry’s took a giant leap by raising $122 million from investors, including hedge fund 
giant, Tiger Global and used $100 million of the cash pile to buy Feintechnik (Gross, 
2014). The key motivation behind the acquisition is the move towards vertical 
integration. With the purchase of Feintechnik, Harry’s now has the ability to control the 
design and manufacturing of its products, and sell directly to consumers (Empson, 
2014). So what do the consumers think? 
Amazon (2014) had 15 reviews of the 4-pack replacements blades, coming from a 
reseller. Of those 15 reviews, nine of them were five out of five stars, with a few four 
out of five stars. About Style’s Men’s hair expert, Dave Alexander (n.d.), said the 
blades were where the Harry’s razor really shines! The blade cartridge looks familiar – 
like the competition, the large head has five blades fairly close together. There is a 
lubrication strip on the top and the little fins at the bottom to help lift the hairs
(Alexander, n.d.). Mr. Alexander (n.d.) also found the blades to be very sharp and 
performed just as well as either the Gillette Fusion ProGlide or the Schick Hydro. 
The “Truman” handle was designed for comfort, significance, and control. A curved 
rod of zinc alloy forms the solid base of the Truman, while a blend of high-quality 
polymers and waterproof lacquer yields a smooth exterior (Harrys, n.d.). According to 
Harry’s (n.d.) the handle should feel like an extension of your hand. Alexander (n.d.) 
points out, that for $10, it’s a real deal and it’s a fairly handsome razor (certainly more 
upscale looking than the mass market razors out there). “The understated look of the 
handle makes it the iPhone of razors,” according to Dave Alexander (n.d.). Birchbox 
Man had over 1,100 reviews of the Truman razor, with an average of 4.4 out of 5 stars 
(Birchbox, n.d.). In the consumers’ reviews, one comment was the most consist of all 
them, “While the Truman handle felt good in your hand, it would tend to slip out from 
time-to-time, if wet.”
For those wanting to go beyond the handles, the starter kits will come with your choice 
of the “Winston” or the “Truman” handle, 3 blades, and a foaming shave gel or a tube 
of shave cream (Harry’s, n.d.). Consumers who want a great shave, but also want out 
of the corporate monopoly, are enjoying the Harry’s starter sets. Scott Gruby was all 
about saving money on his recurring expenses and was hoping for a shave that was as 
good as the Gillette Fusion. Scott (2014) found that the shave seemed much closer 
than his Fusion. He even returned his unopened package of blades he bought from 
Costco ($52 for 14 blades) and ordered 16 blades for $25 (free shipping on ordered 
over $10).
The one problem with this method of buying shave products, is the planning and 
ordering. Using a product like Gillette, Bic or Schick, you can just run down to the 
grocery store and be shaving within a few minutes or hour. Harry’s does allow you buy 
products separately, but also offers the shave plans with auto-pay. Cutting out the so-called, 
“thought process,” allowing you take out the worry of placing an order. 
Brand Imagery, Perf., Personality, Feelings & Judgments (Consumer Perspective) 
While brands like Gillette tend to play on these futuristic features of their razors, Harry’s 
has done quite the opposite and consumers are taking notice. The imagery of Harry’s 
and perception by consumers is, Harry’s is trendy and hip brand. While most mass-market 
razors have a very cheesy overly decorated look, the Harry’s razor looks 
elegant and understated (Alexander, 2014). Compared to other brands (Gillette, 
Schick, Bic, and Dollar Shave Club), Harry’s is perceived as beautifully designed and 
as previously noted, the iPhone of razors. One reviewer noted that the design of the 
Truman handle was remarkable. It’s intuitive and comfortable to hold, and feels 
classier than the spaceship-inspired Gillette and Schick handles (Razorpedia, 2013). 
Harry’s direct-competitor, in the online-order space, Dollar Shave Club is perceived as 
less expensive and for the average Joe (Hoekenga, 2014). Consumers perceive 
Harry’s as a way to enjoy the actual process of shaving, without overpaying, whereas 
consumers view the Dollar Shave Club as a way to avoid unnecessarily inconvenient 
and expensive trips to Target (Hoekenga, 2014). Of those who have tried Harry’s, 
many found the blades lasted longer than major brands, Gillette and Schick, which tied 
back to the reliability of the brand performance of Harry’s.
Brand Elements and Brand Associations 
One consumer after seeing the brand logo and emblem felt that Harry’s portrayed a 
fresh boutique and high-end shave experience (Martin, 2013). While consumers have 
like the clean-minimalistic look from Harry’s, not many knew the meaning behind the 
“Wooly Mammoth” logo. The idea behind the Wooly mammoth is quite creative and 
something Harry’s should promote a little better on their site. 
The clean paperboard packaging, designed by Prime Studio, has consumer liking the 
very simple, minimal, and clean-looking design (Martin, 2013). There is no doubt that 
consumers who have seen Harry’s products and packaging, found it aesthetically 
pleasing, matching the look and feel of their website. Harry’s was recently awarded an 
extension for the trademark of “Harry’s Razor Company,” in the U.S. and 
internationally, on August 18, 2014 (Justia, n.d.). Being that Harry’s is still considered a
startup, not too many people would recognize the Wooly Mammoth logo or the H with 
apostrophe logo. Harry’s sticking with that “trendy/startup theme,” adapts or even 
stays ahead of other brands, in terms of adaptability. Currently, the clean-aesthetics is 
part of that innovative and trendy crowd and speaks to those who Harry’s is trying to 
reach. This all ties back to the look of their website, which was classified as, “The 
page I would want to stare at all day” contest (Hoekenga, 2014). Compared to Gillette, 
Schick, and Dollar Shave Club, Harry’s wins over all their competitors, in terms of 
likeability. 
With the subscription-model as at a fever pitch, there is no better brand for Harry’s to 
align itself with, than Birchbox. Birchbox (n.d.) is the leading discovery commerce 
platform and is redefining the retail process by offering consumers a unique and 
personalized way to discover, learn about, and shop the best beauty, grooming, and 
lifestyle products on the market. As the go-to site for learning about new products in 
these categories, Harry’s has tied itself to this brand association, as a way to introduce 
the “Winston” and “Truman” razors. Being that Harry’s is still in the startup phase,
many general consumers wouldn’t know the Harry’s name on other products. Harry’s 
recently launched a new product, an after-shave, but in the not-so-distant future, we 
might be seeing the Harry’s name on a deodorant also (Empson, 2014). 
Marketing support Program 
Harry’s has focused sales to their website only, but is looking to expand into 
barbershops in NYC and San Francisco, in the coming months. Consumers that have 
learned about Harry’s have done so in two ways, social media (word-of-mouth) or 
internet click ads. Harry’s strengths come from their brand associations (Birchbox 
Man, MacWorld) and that word-of-mouth advertisement of their fans. Another 
strength, Harry’s owns the razor blade factory in Germany, which allows them to have 
complete control of the process. Harry’s is already priced low, with the exception of 
Dollar Shave, who starts at a $1. The biggest threat for Harry’s comes down to P&G 
boosting their marketing budget for the Gillette and the Schick brands. Harry’s has 
money to throw at marketing, but rather allocate the resources to product design, 
innovation, and other comparable new-product categories. This could be one of 
Harry’s biggest opportunities, if they would add more marketing channels and tactics 
into the mix. Dollar Shave Club uses witty viral videos to catch the attention of men 
and women on the net and while this isn’t Harry’s “cup of tea,” they need to come up 
with a strategy to fight off the threat of losing a share to DSC.
COMPETITIVE ENVIRONMENT 
Gillette Fusion 
Sitting on the cartridge throne, is the Gillette Fusion Proglide. For better or worse, this 
five-blade razor dominates the market (Sharpologist, 2013). But the price in 
replacements cartridges has given rise to Dollar Shave Club and Harry’s, who think 
they can provide the same shave at a cheaper price. Gillette Fusion is a five-blade 
razor, released in 2006, which features five blades on the front and a sixth blade on the 
rear for trimming. The latest version, Fusion Proglide, features a lower-resistance 
coating on thinner blades (Sharpologist, 2013). Most consumers would agree that the 
Proglide does provide a very good shave and by most accounts, has a respectable 
cartridge life (Sharpologist, 2013). One of the big reasons for the rise in startup shave-brands 
is the price of Fusion cartridges, easily the highest in the industry. $5 per 
cartridge (in a four cartridge pack) down to a slightly more manageable $3 range for a 
bulk pack (14-16 cartridges) from a warehouse likes Sam’s or Costco (Sharpologist, 
2013). 
Schick Hydro 
Accorinding to Sharpologist (2013), Schick, the number 2 of the razor wars in the U.S., 
released their Hydro line in 2010. Carrying both a three-blade and a five-blade 
cartridge, while distinguishing themselves by having a “lubrication reservoir” on the 
cartridge and “skin guards” between the blades to reduce friction (Sharpologist, 2013). 
For those who have tried both the Schick Hyrdo, they would agree that it is better than 
the Quattro four-blade razor, though not as good as the Fusion. While having a better
cartridge life, compared to the Proglide, which is around two weeks of shelf life 
(Sharpologist, 2013). Cartridges for the Hydro ranged from $3.37 per cartridge in small 
quantities at retail outlets, to $1.87 per cartridge in bulk (Sharpologist, 2013). 
Dollar Shave Club 
The cheapest of them all, Dollar Shave Club offers you a razor at $1 per month 
(introductory price). You can decide on a $6/month and a $9/month, depending on the 
quality of blades you are looking for. 
The Dollar Shave Club’s 4X was used by a reviewer and handled well, but had the 
same cheesy overdone look as the Gillette Fusion and most other mass market razors 
are guilty of (Alexander, n.d.). Alexander (n.d.) who also reviewed the Harry’s razor, 
said he would prefer something that was a little more elegant and mature handling in 
the shower (like the Harry’s razor). 
Harry’s 
Harry’s blades compared to the competition, is where they really shine. A 16-count of 
Harry’s razor will run you $1.56 per cartridge, which is much cheaper than the similar
Gillette Fusion Proglide blades (Alexander, n.d.). Of those who have switched from 
Gillette and even a few from Dollar Shave Club, they have become Harry’s loyalists, 
today. 
Charts & Exhibits 
In the reviews of Harry’s, these were some of the words that were associated with the 
startup. Due to their forward-thinking design, they were seen by innovative to many 
consumers and reviewers, which also tied into high-quality. As a startup, Harry’s is
focused on creating beautiful products that look trendy, but at a fair price, both words 
that were tied to them by many. 
During this session, three questions were asked, with a total of 7 respondents, all being 
female. The first question, have you ever considered a monthly subscription-service 
for shaving products? Please note the blue-color should have represented the “No” 
category and green representing “Yes”. Of the 7 respondents, four answered “No,” to 
have ever considered a monthly shave subscription. The “other” category represented 
a respondent who didn’t answer the question, but only acted intrigued about the idea. 
Overall, this would seem to not bode well for Dollar Shave Club, who has built their 
model on subscription only. Harry’s offers a monthly subscription, like Dollar Shave,
but focuses more on the experience and the ability to buy their products on an 
individual basis. 
Question 2, was a bit more scattered and therefore no chart or graph was made for the 
random responses. Question 2 asked, “What are the one or two things that keeps you 
from considering the Harry’s subscription model?” The main responses came down to 
not knowing of Harry’s and not the target audience. While Harry’s is targeted to men, 
it focuses on the design and handling of the product and therefore has also been used 
by the female demographic. If nothing else, this shows the need to focus on gender 
neutral or a female-specific product. 
The third and final question asked, “How important is it for you to buy from a brand 
that gives back?” 57% responded that it was somewhat important, more as a bonus, 
but wouldn’t really affect their buying decision. Only 14% stated it was important for 
them, but with the way Harry’s has their pricing-model, it is a great option for the price
and the added benefit of give a razor for a razor sold. Something that speaks well of 
the brand and giving back, something that isn’t shown by the big brands. 
IV. RECOMMENDATIONS 
Overall, Harry’s brand elements are near perfect and aesthetically pleasing. Those 
clean looking brand elements are also relevant to their target audience. However, 
Harry’s has fallen short in their overall marketing and advertising, and this is where our 
recommendations will come into play, if they are to gain an overall 10% share of the 
market. Harry’s has made a focus on experience and less about the value, even 
though the value is there. 
Recommendation 1 
Strategy – create a video marketing strategy to gain more awareness and reach across 
social channels and website. 
Tactic – create an “about video” on the Harry’s homepage. Video would be activated 
in the mirror of the bathroom, with the current look and feel. The idea here is 
connecting with the audience and telling the story of the Harry’s shave experience and 
the value also. Video would also be added to their YouTube channel and pay for 
sponsored spot on YouTube’s homepage also.
Recommendation 2 
Strategy – currently Harry’s has built relationships with Birchbox Man and J.Crew. 
The strategy would be growing reaching out to other retail groups, like Gap and 
Banana Republic. In the past, Banana Republic has been seen as an older 
demographic, but this is changing. Gap Inc. hired Marissa Webb as the creative 
director and executive vice president of design and it is drawing in younger 
demographics to shop Banana Republic. A partnership between the three would target 
the same target audience and bring value to each. 
Tactic – Harry’s would offer a free Truman handle to any Banana Republic or Gap 
customer that spends over $150. On top of the coupon, there would be a hashtag, 
#dapperlikeharrys. If a customer shares a photo of their purchase with the hashtag, 
they can get an additional $5 off $25 spent at Harrys.com. 
Recommendation 3 
Strategy – develop and promote a smartphone app for iOS and Android. Features of 
the app will tell about some of the brand elements: the meaning behind the name and 
wooly mammoth logo. Other possible features of the app could be a reminder service 
for those who are current customers, shave “how-to” videos, and possible even price 
check. Customer could scan blades at the local store and see the price difference 
between store brand’s and Harry’s.
Tactic – app links would be featured on the Harry’s homepage, pointing them to the 
Google Play Store and to iTunes. Just like Birchbox, Harry’s could offer a discount to 
first-time downloads of the app, with a clear call-to-action. 
Recommendation 4 
Strategy – develop a content marketing plan through blogging, email, and social media 
that helps build on the brand equity of Harry’s. 
Tactic – on the Harry’s website would be a content hub that features some of the 
same “how-to” videos on shaving and other body-care. Tying into Harry’s University 
would be more blog content about things to put on and take off of your resume, how to 
get an internship, how to land your first job, etc. Harry’s in effort to do list building, 
could offer a weekly newsletter that features articles from the hub. The key is 
delivering value that adds value and creates relationships with the key buyer personas.
References 
Alexander, D. (n.d.). A review of Harry's shaving products. Retrieved 
from http://menshair.about.com/od/shavingproductreviews/fr/A-Review-Of- 
Harrys-Shaving-Products.htm 
Alexander, D. (n.d.). Dollar Shave Club review. Retrieved from 
http://menshair.about.com/od/shavingproductreviews/fr/A-Review-Of-The-Dollar- 
Shave-Club-4x-Razor.htm 
Amazon. (n.d.). Amazon.com: Customer reviews: Harry's razor replacement blades 4 
Pack. Retrieved October 6, 2014, from http://www.amazon.com/Harrys-Razor- 
Replacement-Blades-Pack/product-reviews/B00HGZ5KA2 
Bic. (2014). BIC'tween us - N°4 - 2014. Retrieved September 22, 2014, from 
http://www.bicworld.com/BIC-Annual-Report-2013/#/14 
Bic. (2014, July 31). H1-Q2 2014 results. Retrieved September 22, 2014, from 
http://www.bicworld.com/img/pdf/BIC_H12014Results_Presentation_31JULY142. 
pdf 
Birchbox. (n.d.). Harry's Truman razor customer reviews. Retrieved October 6, 2014, 
from https://www.birchbox.com/men/feedback/review/index/product_id/12732/ 
Brodsky, M. (2014, February 18). Five questions (or so) with Harry’s. Retrieved from 
http://whartonmagazine.com/blogs/five-questions-or-so-with-harrys/ 
Caminiti, S. (2014, May 19). Warby Parker co-founder takes on Gillette. Retrieved from 
http://www.cnbc.com/id/101611902 
Cava, M. D. (2014, June 10). Change agents: Harry's has shaving in a lather. Retrieved 
from http://www.usatoday.com/story/tech/2014/06/10/change-agents-harrys-e-commerce- 
shaving-site/9984195/ 
CB Insights. (n.d.). Competitor funding [Graph]. Retrieved from 
https://www.cbinsights.com/c-4c41e9780633cf5bfaf19f928757989a# 
Cheng, A. (2014, April 29). P&G’s Gillette promises guys no longer need to twist their 
faces while shaving. Retrieved from 
http://blogs.marketwatch.com/behindthestorefront/2014/04/29/pgs-gillette-promises- 
guys-no-longer-need-to-twist-their-faces-while-shaving/ 
Dollar Shave Club. (n.d.). Razor blades for men shipped right To your door. Retrieved 
from https://www.dollarshaveclub.com/our-blades 
Empson, R. (2014, January 22). 10-month-old Harry’s lands $122.5M, buys 93-year-old 
factory to take on shaving heavyweights, Gillette and Schick. Retrieved 
from http://techcrunch.com/2014/01/22/10-month-old-harrys-lands-122-5m-buys- 
93-year-old-factory-to-go-toe-to-toe-with-gillette-and-schick/ 
Forbes. (2013, November). Gillette on the Forbes world's most valuable brands list. 
Retrieved from http://www.forbes.com/companies/gillette/ 
Gross, D. (2014, January 24). After 100 years, the shaving industry is finally being 
disrupted. Retrieved from http://www.thedailybeast.com/articles/2014/01/24/after- 
100-years-the-shaving-industry-is-finally-being-disrupted.html 
Gruby, S. (2014, June 23). Review: Harry’s razors [Web log post]. Retrieved 
fromhttp://blog.gruby.com/2014/06/23/review-harrys-razors/
Harry's. (n.d.). Auto-refill men's razor cartridges & shaving cream. 
Retrieved September 22, 2014, from https://www.harrys.com/auto-refill 
Harry's. (n.d.). Our story - Making quality crafted men's razors. Retrieved from 
https://www.harrys.com/our-story 
Harry's. (n.d.). H'University. Retrieved from http://www.huniversity.co/ 
Harry's. (n.d.). Terms of Service | Harry's. Retrieved from 
https://www.harrys.com/terms-of-service 
Harry's. (n.d.). The Truman - quality designed men's shaving razor. Retrieved from 
https://www.harrys.com/products/the-truman 
Hoekenga, W. (2014, May 23). Copywriting face/off: Harry’s vs. Dollar Shave Club. 
Retrieved fromhttp://www.copygrad.com/2014/05/23/copywriting-faceoff-harrys-vs- 
dollar-shave-club/ 
Hoover, B. (2014, July 25). The razor lineup [Photograph]. Retrieved from 
http://thebenjamin.wordpress.com/2014/07/25/a-razor-showdown-gillette-mach3- 
turbo-vs-harrys-winston-razor-vs-dollar-shave-club-4x/ 
Justia. (n.d.). HARRY'S RAZOR COMPANY Trademark Application of ADKM, Inc. - 
Serial Number 85635143 :: Justia Trademarks. Retrieved October 6, 2014, 
from http://trademarks.justia.com/856/35/harry-s-razor-company-85635143.html 
Keller, K. L. (2013). Strategic brand management: Building, measuring, and managing 
brand equity (4th ed.). Harlow [etc., U.K.: Pearson. 
Martin, R. (2013, May 8). Design envy: give a shave: Harry's. Retrieved 
from http://designenvy.aiga.org/give-a-shave-harry%E2%80%99s/ 
P&G. (2014). P&G 2014 annual report. Retrieved from 
http://www.pginvestor.com/interactive/lookandfeel/4004124/PG_Annual_Report_2 
014.pdf 
Razorpedia. (2013, March 30). Harry's razor review [Web log post]. Retrieved 
fromhttp://www.razorpedia.com/blog/harrys-razor-review 
Statista. (2014). U.S. CPG shopping online: Share of consumers by category, 2013. 
Retrieved September 21, 2014, from 
http://www.statista.com/statistics/293768/us-cpg-shopping-online-share-of-consumers- 
by-category/ 
Thorne, J. (2013, March 14). Harry's grooming. Retrieved from 
http://www.coolhunting.com/style/harrys-grooming.php 
Tschorn, A. (2013, March 22). Meet Harry's, a new online-only go-to for guys' 
grooming gear. Retrieved from http://articles.latimes.com/2013/mar/22/news/la-ar- 
meet-harrys-the-newest-online-outpost-for-guys-grooming-gear-20130322 
Tschorn, A. (2013, March 23). Andy Spade is old-school cool. Retrieved from 
http://www.latimes.com/fashion/alltherage/la-ig-0324-andy-spade-20130323- 
story.html#page=2 
Uncrate. (n.d.). Harry's x Uncrate HIC. Retrieved from http://uncrate.com/stuff/harrys-x- 
uncrate-hic/

More Related Content

What's hot

Chap 2, customer based brand equity
Chap 2, customer based brand equityChap 2, customer based brand equity
Chap 2, customer based brand equityRajesh Kumar
 
Creation of brand
Creation of brandCreation of brand
Creation of brandKriace Ward
 
Brand Masterclass Week Four
Brand Masterclass Week FourBrand Masterclass Week Four
Brand Masterclass Week FourIdris Mootee
 
Aaker Brand Equity Model
Aaker Brand Equity Model Aaker Brand Equity Model
Aaker Brand Equity Model Pawan Negi
 
Brand equity presentation
Brand equity presentationBrand equity presentation
Brand equity presentationutuutkarsh
 
Brand identity Kapferer identity prism model
Brand identity  Kapferer identity prism model Brand identity  Kapferer identity prism model
Brand identity Kapferer identity prism model Sander Janssens
 
Brand Personality
Brand PersonalityBrand Personality
Brand PersonalityKing Julian
 
Chapter 9 Creating Brand Equity
Chapter 9 Creating Brand EquityChapter 9 Creating Brand Equity
Chapter 9 Creating Brand EquityDiarta
 
Marketing & branding strategy for Men's Grooming Products_ L'Oreal Brandstorm...
Marketing & branding strategy for Men's Grooming Products_ L'Oreal Brandstorm...Marketing & branding strategy for Men's Grooming Products_ L'Oreal Brandstorm...
Marketing & branding strategy for Men's Grooming Products_ L'Oreal Brandstorm...Sukesh Chandra Gain
 
Brand Identity
Brand IdentityBrand Identity
Brand IdentitySj -
 
Lecture 2 Brand Management
Lecture 2    Brand  ManagementLecture 2    Brand  Management
Lecture 2 Brand ManagementNagesh Pai
 

What's hot (20)

Chap 2, customer based brand equity
Chap 2, customer based brand equityChap 2, customer based brand equity
Chap 2, customer based brand equity
 
Brand architecture strategy
Brand architecture strategyBrand architecture strategy
Brand architecture strategy
 
Creation of brand
Creation of brandCreation of brand
Creation of brand
 
Brand extension
Brand extension Brand extension
Brand extension
 
Brand Architecture
Brand ArchitectureBrand Architecture
Brand Architecture
 
Co branding
Co brandingCo branding
Co branding
 
Brand audit
Brand auditBrand audit
Brand audit
 
brand Unit 1
 brand Unit 1 brand Unit 1
brand Unit 1
 
Brand Extension
Brand ExtensionBrand Extension
Brand Extension
 
Brand Masterclass Week Four
Brand Masterclass Week FourBrand Masterclass Week Four
Brand Masterclass Week Four
 
Aaker Brand Equity Model
Aaker Brand Equity Model Aaker Brand Equity Model
Aaker Brand Equity Model
 
Brand equity presentation
Brand equity presentationBrand equity presentation
Brand equity presentation
 
Dove Brand Analysis
Dove Brand AnalysisDove Brand Analysis
Dove Brand Analysis
 
Brand identity Kapferer identity prism model
Brand identity  Kapferer identity prism model Brand identity  Kapferer identity prism model
Brand identity Kapferer identity prism model
 
Brand Personality
Brand PersonalityBrand Personality
Brand Personality
 
Chapter 9 Creating Brand Equity
Chapter 9 Creating Brand EquityChapter 9 Creating Brand Equity
Chapter 9 Creating Brand Equity
 
Dove
DoveDove
Dove
 
Marketing & branding strategy for Men's Grooming Products_ L'Oreal Brandstorm...
Marketing & branding strategy for Men's Grooming Products_ L'Oreal Brandstorm...Marketing & branding strategy for Men's Grooming Products_ L'Oreal Brandstorm...
Marketing & branding strategy for Men's Grooming Products_ L'Oreal Brandstorm...
 
Brand Identity
Brand IdentityBrand Identity
Brand Identity
 
Lecture 2 Brand Management
Lecture 2    Brand  ManagementLecture 2    Brand  Management
Lecture 2 Brand Management
 

Similar to IMC 613: Brand Equity Management

Lewis a bevel content & traffic analysis
Lewis a bevel content & traffic analysisLewis a bevel content & traffic analysis
Lewis a bevel content & traffic analysisAdalidaLewis
 
Bevel content & traffic analysis (1)
Bevel content & traffic analysis (1)Bevel content & traffic analysis (1)
Bevel content & traffic analysis (1)AnnaSwink
 
Bevel Content & Traffic Analysis
Bevel Content & Traffic AnalysisBevel Content & Traffic Analysis
Bevel Content & Traffic AnalysisKyleWesley3
 
Bevel Content & Traffic Analysis
Bevel Content & Traffic AnalysisBevel Content & Traffic Analysis
Bevel Content & Traffic AnalysisMaddieReihs
 
Concept of Branding in General: An Analysis of Customers’ Perspective
Concept of Branding in General: An Analysis of Customers’ PerspectiveConcept of Branding in General: An Analysis of Customers’ Perspective
Concept of Branding in General: An Analysis of Customers’ PerspectiveDr. Amarjeet Singh
 
Brand impact
Brand impact Brand impact
Brand impact Mr Nyak
 
Brand impact
Brand impactBrand impact
Brand impactMr Nyak
 
Report on Ritual Collaboration
Report on Ritual CollaborationReport on Ritual Collaboration
Report on Ritual CollaborationAzas Shahrier
 
Analysis of Web Site: Content & Traffic
Analysis of Web Site: Content & TrafficAnalysis of Web Site: Content & Traffic
Analysis of Web Site: Content & TrafficJoseph Suchan
 
Harry's Razor Marketing Campaign
Harry's Razor Marketing Campaign Harry's Razor Marketing Campaign
Harry's Razor Marketing Campaign kwhite810
 
Brand To Land Investment
Brand To Land Investment Brand To Land Investment
Brand To Land Investment Kelly Mackenzie
 
A deep dive into sabyasachi kolkata x H&M collaboration
A deep dive into sabyasachi kolkata x H&M collaborationA deep dive into sabyasachi kolkata x H&M collaboration
A deep dive into sabyasachi kolkata x H&M collaborationkaustav sengupta
 
How to build a global passion brand: Insights from the 2013 Social@Ogilvy Bra...
How to build a global passion brand: Insights from the 2013 Social@Ogilvy Bra...How to build a global passion brand: Insights from the 2013 Social@Ogilvy Bra...
How to build a global passion brand: Insights from the 2013 Social@Ogilvy Bra...Ogilvy Consulting
 
Love Index 2016
Love Index 2016 Love Index 2016
Love Index 2016 Accenturebr
 
Branding, packaging, and_labeling!
Branding, packaging, and_labeling!Branding, packaging, and_labeling!
Branding, packaging, and_labeling!Akash Jauhari
 
Tendensdagen 2009 Nigel Hollis Authenticity Final 9 30 09
Tendensdagen 2009 Nigel Hollis Authenticity  Final 9 30 09Tendensdagen 2009 Nigel Hollis Authenticity  Final 9 30 09
Tendensdagen 2009 Nigel Hollis Authenticity Final 9 30 09Sveriges Marknadsförbund
 
Content, Popularity & Traffic Support - Bevel
Content, Popularity & Traffic Support - BevelContent, Popularity & Traffic Support - Bevel
Content, Popularity & Traffic Support - BevelMadalyn Mosbauer
 
Bevel Content & Traffic Analysis
Bevel Content & Traffic AnalysisBevel Content & Traffic Analysis
Bevel Content & Traffic AnalysisPerryRandleIII
 

Similar to IMC 613: Brand Equity Management (20)

Lewis a bevel content & traffic analysis
Lewis a bevel content & traffic analysisLewis a bevel content & traffic analysis
Lewis a bevel content & traffic analysis
 
Bevel content & traffic analysis (1)
Bevel content & traffic analysis (1)Bevel content & traffic analysis (1)
Bevel content & traffic analysis (1)
 
Bevel Content & Traffic Analysis
Bevel Content & Traffic AnalysisBevel Content & Traffic Analysis
Bevel Content & Traffic Analysis
 
Bevel Content & Traffic Analysis
Bevel Content & Traffic AnalysisBevel Content & Traffic Analysis
Bevel Content & Traffic Analysis
 
Concept of Branding in General: An Analysis of Customers’ Perspective
Concept of Branding in General: An Analysis of Customers’ PerspectiveConcept of Branding in General: An Analysis of Customers’ Perspective
Concept of Branding in General: An Analysis of Customers’ Perspective
 
Brand impact
Brand impact Brand impact
Brand impact
 
Brand impact
Brand impactBrand impact
Brand impact
 
Harley-Davidson Media Plan
Harley-Davidson Media PlanHarley-Davidson Media Plan
Harley-Davidson Media Plan
 
Report on Ritual Collaboration
Report on Ritual CollaborationReport on Ritual Collaboration
Report on Ritual Collaboration
 
Analysis of Web Site: Content & Traffic
Analysis of Web Site: Content & TrafficAnalysis of Web Site: Content & Traffic
Analysis of Web Site: Content & Traffic
 
Harry's Razor Marketing Campaign
Harry's Razor Marketing Campaign Harry's Razor Marketing Campaign
Harry's Razor Marketing Campaign
 
Brand To Land Investment
Brand To Land Investment Brand To Land Investment
Brand To Land Investment
 
A deep dive into sabyasachi kolkata x H&M collaboration
A deep dive into sabyasachi kolkata x H&M collaborationA deep dive into sabyasachi kolkata x H&M collaboration
A deep dive into sabyasachi kolkata x H&M collaboration
 
How to build a global passion brand: Insights from the 2013 Social@Ogilvy Bra...
How to build a global passion brand: Insights from the 2013 Social@Ogilvy Bra...How to build a global passion brand: Insights from the 2013 Social@Ogilvy Bra...
How to build a global passion brand: Insights from the 2013 Social@Ogilvy Bra...
 
Love Index 2016
Love Index 2016 Love Index 2016
Love Index 2016
 
Branding, packaging, and_labeling!
Branding, packaging, and_labeling!Branding, packaging, and_labeling!
Branding, packaging, and_labeling!
 
Tendensdagen 2009 Nigel Hollis Authenticity Final 9 30 09
Tendensdagen 2009 Nigel Hollis Authenticity  Final 9 30 09Tendensdagen 2009 Nigel Hollis Authenticity  Final 9 30 09
Tendensdagen 2009 Nigel Hollis Authenticity Final 9 30 09
 
Content, Popularity & Traffic Support - Bevel
Content, Popularity & Traffic Support - BevelContent, Popularity & Traffic Support - Bevel
Content, Popularity & Traffic Support - Bevel
 
D2CBrands.pdf
D2CBrands.pdfD2CBrands.pdf
D2CBrands.pdf
 
Bevel Content & Traffic Analysis
Bevel Content & Traffic AnalysisBevel Content & Traffic Analysis
Bevel Content & Traffic Analysis
 

Recently uploaded

Talent Management for mba 3rd sem useful
Talent Management for mba 3rd sem usefulTalent Management for mba 3rd sem useful
Talent Management for mba 3rd sem usefulAtifaArbar
 
DIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdf
DIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdfDIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdf
DIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdfmayanksharma0441
 
Exploring Web 3.0 Growth marketing: Navigating the Future of the Internet
Exploring Web 3.0 Growth marketing: Navigating the Future of the InternetExploring Web 3.0 Growth marketing: Navigating the Future of the Internet
Exploring Web 3.0 Growth marketing: Navigating the Future of the Internetnehapardhi711
 
Jai Institute for Parenting Program Guide
Jai Institute for Parenting Program GuideJai Institute for Parenting Program Guide
Jai Institute for Parenting Program Guidekiva6
 
TAM AdEx 2023 Cross Media Advertising Recap - Auto Sector
TAM AdEx 2023 Cross Media Advertising Recap - Auto SectorTAM AdEx 2023 Cross Media Advertising Recap - Auto Sector
TAM AdEx 2023 Cross Media Advertising Recap - Auto SectorSocial Samosa
 
2024 SEO Trends for Business Success (WSA)
2024 SEO Trends for Business Success (WSA)2024 SEO Trends for Business Success (WSA)
2024 SEO Trends for Business Success (WSA)Jomer Gregorio
 
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdfResearch and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdfVWO
 
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一s SS
 
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdfSnapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdfEastern Online-iSURVEY
 
VIP Call Girls In Green Park 9654467111 Escorts Service
VIP Call Girls In Green Park 9654467111 Escorts ServiceVIP Call Girls In Green Park 9654467111 Escorts Service
VIP Call Girls In Green Park 9654467111 Escorts ServiceSapana Sha
 
Digital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G AgeDigital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G AgeDigiKarishma
 
Fueling A_B experiments with behavioral insights (1).pdf
Fueling A_B experiments with behavioral insights (1).pdfFueling A_B experiments with behavioral insights (1).pdf
Fueling A_B experiments with behavioral insights (1).pdfVWO
 
The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...
The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...
The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...CIO Business World
 
From Chance to Choice - Tactical Link Building for International SEO
From Chance to Choice - Tactical Link Building for International SEOFrom Chance to Choice - Tactical Link Building for International SEO
From Chance to Choice - Tactical Link Building for International SEOSzymon Słowik
 
Common Culture: Paul Willis Symbolic Creativity
Common Culture: Paul Willis Symbolic CreativityCommon Culture: Paul Willis Symbolic Creativity
Common Culture: Paul Willis Symbolic CreativityMonishka Adhikari
 
The power of SEO-driven market intelligence
The power of SEO-driven market intelligenceThe power of SEO-driven market intelligence
The power of SEO-driven market intelligenceHinde Lamrani
 
Influencer Marketing Power point presentation
Influencer Marketing  Power point presentationInfluencer Marketing  Power point presentation
Influencer Marketing Power point presentationdgtivemarketingagenc
 
Call Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCR
Call Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCRCall Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCR
Call Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCRlizamodels9
 
Infographics about SEO strategies and uses
Infographics about SEO strategies and usesInfographics about SEO strategies and uses
Infographics about SEO strategies and usesbhavanirupeshmoksha
 
Best digital marketing e-book form bignners
Best digital marketing e-book form bignnersBest digital marketing e-book form bignners
Best digital marketing e-book form bignnersmuntasibkhan58
 

Recently uploaded (20)

Talent Management for mba 3rd sem useful
Talent Management for mba 3rd sem usefulTalent Management for mba 3rd sem useful
Talent Management for mba 3rd sem useful
 
DIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdf
DIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdfDIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdf
DIGITAL MARKETING STRATEGY_INFOGRAPHIC IMAGE.pdf
 
Exploring Web 3.0 Growth marketing: Navigating the Future of the Internet
Exploring Web 3.0 Growth marketing: Navigating the Future of the InternetExploring Web 3.0 Growth marketing: Navigating the Future of the Internet
Exploring Web 3.0 Growth marketing: Navigating the Future of the Internet
 
Jai Institute for Parenting Program Guide
Jai Institute for Parenting Program GuideJai Institute for Parenting Program Guide
Jai Institute for Parenting Program Guide
 
TAM AdEx 2023 Cross Media Advertising Recap - Auto Sector
TAM AdEx 2023 Cross Media Advertising Recap - Auto SectorTAM AdEx 2023 Cross Media Advertising Recap - Auto Sector
TAM AdEx 2023 Cross Media Advertising Recap - Auto Sector
 
2024 SEO Trends for Business Success (WSA)
2024 SEO Trends for Business Success (WSA)2024 SEO Trends for Business Success (WSA)
2024 SEO Trends for Business Success (WSA)
 
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdfResearch and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
Research and Discovery Tools for Experimentation - 17 Apr 2024 - v 2.3 (1).pdf
 
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一
定制(ULV毕业证书)拉文大学毕业证成绩单原版一比一
 
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdfSnapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
Snapshot of Consumer Behaviors of March 2024-EOLiSurvey (EN).pdf
 
VIP Call Girls In Green Park 9654467111 Escorts Service
VIP Call Girls In Green Park 9654467111 Escorts ServiceVIP Call Girls In Green Park 9654467111 Escorts Service
VIP Call Girls In Green Park 9654467111 Escorts Service
 
Digital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G AgeDigital Marketing in 5G Era - Digital Transformation in 5G Age
Digital Marketing in 5G Era - Digital Transformation in 5G Age
 
Fueling A_B experiments with behavioral insights (1).pdf
Fueling A_B experiments with behavioral insights (1).pdfFueling A_B experiments with behavioral insights (1).pdf
Fueling A_B experiments with behavioral insights (1).pdf
 
The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...
The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...
The 10 Most Influential CMO's Leading the Way of Success, 2024 (Final file) (...
 
From Chance to Choice - Tactical Link Building for International SEO
From Chance to Choice - Tactical Link Building for International SEOFrom Chance to Choice - Tactical Link Building for International SEO
From Chance to Choice - Tactical Link Building for International SEO
 
Common Culture: Paul Willis Symbolic Creativity
Common Culture: Paul Willis Symbolic CreativityCommon Culture: Paul Willis Symbolic Creativity
Common Culture: Paul Willis Symbolic Creativity
 
The power of SEO-driven market intelligence
The power of SEO-driven market intelligenceThe power of SEO-driven market intelligence
The power of SEO-driven market intelligence
 
Influencer Marketing Power point presentation
Influencer Marketing  Power point presentationInfluencer Marketing  Power point presentation
Influencer Marketing Power point presentation
 
Call Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCR
Call Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCRCall Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCR
Call Girls In Aerocity Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delhi NCR
 
Infographics about SEO strategies and uses
Infographics about SEO strategies and usesInfographics about SEO strategies and uses
Infographics about SEO strategies and uses
 
Best digital marketing e-book form bignners
Best digital marketing e-book form bignnersBest digital marketing e-book form bignners
Best digital marketing e-book form bignners
 

IMC 613: Brand Equity Management

  • 1. IMC 613, Week 9: Harry’s Brand Audit Colin Haas October 19, 2014
  • 2. EXECUTIVE SUMMARY Harry’s has been a brand built on design and experience, much like Apple. While Harry’s and Apple both have strong brand elements, Apple has excelled in their marketing and advertising of the products they design. This has been the key area where Harry’s has fallen short in their efforts. The brands that grow their influence and ultimately their bottom line are the brands that remember it’s about human-to-human, not business to consumer. While brands like Gillette, Schick, and Bic all advertise to the consumer, our goal is to create relationships with the consumer. Building out brand associations with other retailers, like Gap and Banana Republic, while continuing to deepen current relationships with J.Crew and Birchbox Man. On top of these brand associations, a visual marketing plan would also be put into place, as today’s consumers are more visual than ever. Going hand in hand with a video marketing plan would be a content marketing strategy. Through the creation of a content hub, Harry’s would share “how-to” videos that teach men how to shave properly and other “how-to” videos. Last, Harry’s has a beautifully designed responsive website, it would also be a great idea to create a smartphone app that sends push notifications to current customers. Sending reminders to purchase new blades or even promotional push notifications, for those special handles that get promoted at different points of the year. While Harry’s has crafted beautifully designed products to create an experience in the “original man-cave,” it’s important they create avenues to share the Harry’s experience and something Dollar Shave Club has done exceptionally well through video. Today is the day to grow Harry’s market share. Let’s seize it!
  • 3. BACKGROUND In 2012, the shaving segment, which included razors, blades and shaving cream, generated retail sales of approximately $3.6 billion U.S. dollars (Statista, 2014). While the shave category came in fifth, it held a 3.6% of the retail sales in the beauty and personal care market for 2012 (Statista, 2014). In 2013, razor blades took a 7.6% share of online purchases for consumer packaged goods (Statista, 2014). Part of that percentage can be credited to recent startup, Harry’s and their products. Challenging the market will be an up hill battle, as they not only go up against Dollar Shave Club, but P&G’s Gillette and Schick brands, as well as Bic. The good news, is that less than a year after its launch, Harry’s had gained more than 100,000 customers and climbing (Gross, 2014). Born in 2013, Harry’s – which dispenses high-end shaving goods at low prices via its website – it aims to steal market share from the Gillettes of the world by appealing to time-crunched Millennials and Boomers who appreciate the company’s no-nonsense online approach to men’s grooming products (Cava, 2014).
  • 4. Harry’s Brand Position & Inventory Harry’s is still in the startup phase, raising $122.5 million last summer and then spending $100 million to buy a 93-year-old German manufacturer of premium blades (Cava, 2014). Points-of-Parity Two POP’s that stand out for Harry’s, can also be said for their direct competitor, Dollar Shave Club. Harry’s offers quality razors, at a discounted price, compared to their in-store competitors. The second point-of-parity for Harry’s is their subscription service for their razor blades. Depending on the frequency of how much you shave, Harry’s will charge you $31 per shipment of 2, 3, or even 5-months (Harry’s, n.d.). Dollar Shave Club (n.d.) does something similar with their Humble Twin, 4X, and Executive blade offerings. Points-of-Difference
  • 5. A key POD that really resonates with Millennials, is the Harry’s brand gives to charities. Harry’s (n.d.) gives 1% of their sales and at least 1% of their time to organizations that prepare people for personal and professional success. Target Market According to co-founder, Katz-Mayfield, “Our customer tends to be a 25-to 45-year-old guy who is kind of grown up and considered and thought about purchase decisions and wants a brand that speaks to him as a mature adult.” (Gross, 2014). Allocation of Branding Resources The shaving market is an established market, with challengers, Dollar Shave Club launching in 2012 and Harry’s launching in 2013. Harry’s was built on the idea of building a brand predicated on a really high-quality product, thoughtful design, and doing it at a really affordable prices as a way to build trust, respect, and loyalty (Gross, 2014). Proctor & Gamble has focused on the technology of their shavers and razor blades, to help justify the price of their products. Harry’s has focused more on the design and aesthetics of their razors, where as they need to be emphasizing the low prices of their blade refills. Customers are tired of walking the aisles of the supermarket and staring at an endless selection of blades. What if we didn’t have too? This is where Harry’s should focus their attention too, and is the foundation of what Dollar Shave Club is built on.
  • 6. Benefits Gained By focusing on this POV and letting the other pieces fall into place, it will help build Harry’s customer-based brand equity. Using all forms of non-traditional advertising to affectively focus on price-value, Harry’s could break into double-digit market share, while continuing to raise brand awareness. The expectation is to see Harry’s have a 10% market share through these branding and marketing activities. Harry’s and the Competition Harry’s wasn’t just chosen as a challenger brand due to the market dominance of Gillette, but because of the potential of this startup and the success of its big brother, Warby Parker. Harry’s has continued adding customers, thanks in part to word-of-mouth and organizational partnerships. P&G’s Gillette and Schick Brands Gillette was a brand founded in 1904, but the Gillette product line of razors and personal care products became part of Procter & Gamble when P&G bought the company in 2005 (Forbes, 2013). There is no denying that Gillette is king of the
  • 7. mountain when it comes to the blades and razors market, as you can see from the graphic, Gillette had a 66% hold on the market in 2011. Razors are one of the most profitable businesses for P&G, with operating margins of 31% and 70% control of the global blades and razors market, led by Gillette (Forbes, 2013). Presently, P&G holds over 20% of the male shaver market (P&G, 2014). Bic The shaver category makes up a large portion of Bic’s net sales, coming in the 3rd spot, for 2013 (Bic, 2014). However, in the U.S. markets, Bic is down compared to last year at this time, with an overall category decline of -3.7% (Bic, 2014).
  • 8. Dollar Shave Club A third competitor and also from the startup scene, is Dollar Shave Club. The Venice, California startup has a much more different vibe and business model that is more direct and democratic (Gross, 2014). According to Gross (2014), they are less concerned with design and German engineering and more concerned with fun, convenience, and saving money. To prove that, Dollar Shave Club’s tagline reads, “our blades are f***** great” (Gross, 2013). Where Harry’s is at the low-end of the 100K subscribers, Dollar Shave Club is closing in on 750K. Although no official numbers have been released by either brand. If Harry’s can focus on value first and engineering second, they could overtake Dollar Shave Club and Bic, in a rather short period of time. All while continuing to solidify deeper ties with specific companies like Birchbox Man. II. BRAND INVENTORY Most men’s grooming products are ornate, futuristic and generally chintzy – the few classic options, on the other hand, are priced out of most men’s reach. So what’s a guy to do? Harry’s is a freshly launched men’s grooming line that’s bringing an
  • 9. enjoyable shave experience to the common man (Thorne, 2013). The co-founders expressed the idea of building a brand predicated on a really high-quality product, thoughtful design, and doing it at a really affordable price as a way to build trust, respect, and loyalty (Gross, 2014). Like Warby Parker, Harry’s has its own aesthetic and gives a chunk of its sales to charities. Buy a razor and they give a single five-blade razor. The shavers have preppy names – there’s the $10 Truman and the $20 Winston (naturally, the one named after the British statesman costs more.) But the cartridges cost a mere $1.88 each – including free shipping (Gross, 2014). When it comes to the quality of these blades, Harry’s uses a “gothic arch” blade. The gothic arch lasts longer, compared to the disposable blades of Bic and Gillette, which shows the value and durability of the Harry’s blades. The style and design of Harry’s “Truman” and “Winston” handles have just that in mind, classic look with a modern feel. Harry’s tagline speaks directly to price, it’s a great shave at a fair price. Dollar Shave Club, Harry’s direct competitor comes from the angle of lowest price. As Harry’s is about an experience, as you will see from their package design and layout. BRAND ELEMENTS Name Keller (2013) tells us that brand names come in many different forms. So just how did Jeff Raider, co-founder of Harry’s, come up with the name for the new shaving venture? Raider ascribes their success to a three-part naming exercise, which first starts with coming up with a list of names and run them by friends, family, and
  • 10. colleagues (Brodsky, 2014). Which names resonate? Second, they ask them why one name resonates more than another. What did they associate with the names? Lastly, they see which one sticks. Days later, which names can’t they get out of their heads? (Brodsky, 2014). As Raider explains, even the name “Harry’s” is meant to instill a sense of tradition (Thorne, 2013). Logo That same sense of tradition is also encapsulated in the woolly mammoth logo, as it represents both an untamed mane and the evolution of grooming (Thorne, 2013). The hairy, tusked logo whimsically adorns each Harry’s cartridge box. However, there is another logo too – an uppercase H with an apostrophe (but no “s”) stamped into each razor handle and emblazoned in the 3.4 oz. tubes of shaving cream (Tschorn, 2013). Package Design
  • 11. Harry’s package design sports a simple and clean looking design that only communicates the brand elements. The aesthetically pleasing design is carried out in the desaturated blue-and-red packaging to the clean lines of the handle (Thorne, 2013). Brand Associations Harry’s teamed up with Uncrate, the leading buyer’s guide for men, to offer a limited edition Harry’s/ Uncrate starter kit. Tying Harry’s to Uncrate instantly put the brand in front of 1.5 million monthly readers (Uncrate, n.d.). Harry’s also teamed up with Birchbox/ Birchbox Man, the leading discovery commerce platform. Birchbox (n.d.) is redefining the retail process by offering consumers a unique and personalized way to discover, learn about, and shop the best beauty, grooming, and lifestyle products on the market. Harry’s was offered one of the
  • 12. monthly Birchbox Man subscription boxes, along with free Harry’s product to the bloggers of Birchbox “Man Influencer” program. Sales Pitch/ Tagline “Great Shave. Fair Price.” Harry’s Product Offerings Any great shave starts with the blade, so Raider relied on German engineers to create a reliable sequence of blades arranged in a “gothic arch” for closeness (Thorne, 2013). The blade cartridges are flexible, allowing for a “paintbrush effect” while shaving that adjusts to contours as it moves.
  • 13. The handle for Harry’s “Winston” razor is likewise thought out, made from precision-grade aluminum and weighted for easy handling (Thorne, 2013). The “Truman” handle was designed for comfort, significance, and control. A curved rod of zinc alloy forms the solid base of the Truman, while a blend of high-quality polymers and waterproof lacquer yields a smooth exterior (Harrys, n.d.). According to Harry’s (n.d.) the handle should feel like an extension of your hand.
  • 14. Harry’s (n.d.) took on the task of sculpting a design that blends timeless simplicity and modern ergonomics. There are currently two options of handles, the “Truman,” which comes with the handle and one razor, and choice of color for $10. The other upscale option is the “Winston,” which also comes with a razor cartridge for $20. For those wanting to beyond the handles, the starter kits will come with your choice of the “Winston” or the “Truman” handle, 3 blades, and a foaming shave gel or a tube of shave cream (Harry’s, n.d.).
  • 15. Just like their handles, Harry’s also sells all their products as individual items. However, if you don’t want to think about it for awhile, you can also order refill sets that come with 8 blades and your choice of foaming shave gel or shave cream. Harry’s also ties all the products sold separately, into three different shave plans. Each plan ships with 8 blades and 2 shave gels or creams, with the only difference being the frequency in shipping. According to Harry’s (n.d.) the “Everyday Shaver” ships every 2 months, the “Occasional Shaver” ships every 3 months, and the “Infrequent Shaver” ships every 5 months. Marketing Support Programs As of now, Harry’s is using social media and their brand associations to leverage brand awareness. Harry’s has also tapped into the tech podcast community, like the MacWorld podcast. Offering $5 off codes to any new customer who places an order
  • 16. over $25. However, they didn’t stop at podcast, leveraging other brands like J. Crew to offer discounts and grow their presence through J. Crew’s existing community. Existing customers get emailed reminders when it’s time to order new blades. Harry’s has also gained a lot of earned media and PR from news sources like Fast Company, Entrepreneur, and other business news outlets. Both founders said there wouldn’t be celebrity endorsers or other high-profile figures as part of Harry’s marketing plan. Rather, they want credible sources – such as grooming editors at major magazines and satisfied customers – to spread the word (Caminiti, 2014). According to Raider, “If we can take people one by one and give them an incredible shaving experience, then over time we think we can capture a really big audience.” (Caminiti, 2014). Competitive Environment Harry’s believes its razors – indeed, its whole take on the male ritual of shaving – will appeal to young, tech-savvy men who appreciate design and performance but understand value. “These are guys who are forward thinking, reasonably well educated, and they care about what they wear and how they look,” said Raider (Caminiti, 2014). As of May, there were more than 100,000 Harry’s customers in the U.S. and Canada, 90% of whom reorder, the company claimed (Caminiti, 2014). Points-of-Parity Two POP’s that stand out for Harry’s, can also be said for their direct competitor, Dollar Shave Club. Harry’s offers quality razors, at a discounted price, compared to their in-store competitors. The second point-of-parity for Harry’s is their subscription
  • 17. service for their razor blades. Depending on the frequency of how much you shave, Harry’s will charge you $31 per shipment of 2, 3, or even 5-months (Harry’s, n.d.). Dollar Shave Club (n.d.) does something similar with their Humble Twin, 4X, and Executive blade offerings. Points-of-Difference A key POD that really resonates with Millennials, is Harry’s giving to charities. Harry’s (n.d.) gives 1% of their sales and at least 1% of their time to organizations that prepare people for personal and professional success. Harry’s (n.d.) started H’University, as another way to connect, by allowing college students to apply to the program and be taught by some of the best startup entrepreneurs through webinars.
  • 18. By the end of the program, not only will you have extra lines on your resume, but have the chance to be hired by one of Harry’s hiring partners (Harry’s, n.d.). It’s important to note, that none of the other competitors have any type of program like this. Dollar Shave Club only offers a subscription-model service, and it comes in brown mailer envelope.
  • 19. P&G’s Gillette and Schick Brands Gillette was a brand founded in 1904, but the Gillette product line of razors and personal care products became part of Procter & Gamble when P&G bought the company in 2005 (Forbes, 2013). There is no denying that Gillette is king of the mountain when it comes to the blades and razors market, as you can see from the graphic, Gillette had a 66% hold on the market in 2011. Razors are one of the most profitable businesses for P&G, with operating margins of 31% and 70% control of the global blades and razors market, led by Gillette (Forbes, 2013). Presently, P&G holds over 20% of the male shaver market (P&G, 2014). Dollar Shave Club A third competitor and also from the startup scene, is Dollar Shave Club. The Venice, California startup has a much more different vibe and business model that is more direct and democratic (Gross, 2014). According to Gross (2014), they are less concerned with design and German engineering and more concerned with fun, convenience, and saving money. To prove that, Dollar Shave Club’s tagline reads, “our blades are f***** great” (Gross, 2013). Where Harry’s is at the low-end of the 100K subscribers, Dollar Shave Club is closing in on 750K. Although no official numbers have been released by either brand. According to Marketwatch in 2013, Gillette led the market with 59.7% share of the business. Meanwhile, runner-up, Schick took 18.1%, followed by Bic at 5.9%. Leaving 16.3% to other manufacturers, and currently Dollar Shave Club, nor Harry’s states their share.
  • 20. Harry’s Brand Hierarchy Harry’s offers two options to website visitors: Products and shave plans. Under shave plans, there are three options and you choose a plan and you’re done. This is the same for Dollar Shave Club also, and the only option for DSC. Harry’s also offers their products sold individually too. This is broken down into three categories: Starter sets, refills, and shave supplies. Shave supplies are all of their offerings sold separately, which is great for the curious skeptic. Source: CB Insights The above image is the investments raised by angel investors and capital firms for both Harry’s Razor Company and Dollar Shave Club. Harry’s has raised $136.6 million compared to Dollar Shave Club’s $24 million. III. Brand Exploratory Previously, we discussed the brand audit, from the brand-side of the business. Now we will discuss the brand exploratory, which provides detailed information about what
  • 21. consumers actually think of the brand (Keller, 2013). Let’s take a look at how Harry’s product offerings and services fit together from the consumer’s perspective. Harry’s Products (Consumer Perspective) Harry’s took a giant leap by raising $122 million from investors, including hedge fund giant, Tiger Global and used $100 million of the cash pile to buy Feintechnik (Gross, 2014). The key motivation behind the acquisition is the move towards vertical integration. With the purchase of Feintechnik, Harry’s now has the ability to control the design and manufacturing of its products, and sell directly to consumers (Empson, 2014). So what do the consumers think? Amazon (2014) had 15 reviews of the 4-pack replacements blades, coming from a reseller. Of those 15 reviews, nine of them were five out of five stars, with a few four out of five stars. About Style’s Men’s hair expert, Dave Alexander (n.d.), said the blades were where the Harry’s razor really shines! The blade cartridge looks familiar – like the competition, the large head has five blades fairly close together. There is a lubrication strip on the top and the little fins at the bottom to help lift the hairs
  • 22. (Alexander, n.d.). Mr. Alexander (n.d.) also found the blades to be very sharp and performed just as well as either the Gillette Fusion ProGlide or the Schick Hydro. The “Truman” handle was designed for comfort, significance, and control. A curved rod of zinc alloy forms the solid base of the Truman, while a blend of high-quality polymers and waterproof lacquer yields a smooth exterior (Harrys, n.d.). According to Harry’s (n.d.) the handle should feel like an extension of your hand. Alexander (n.d.) points out, that for $10, it’s a real deal and it’s a fairly handsome razor (certainly more upscale looking than the mass market razors out there). “The understated look of the handle makes it the iPhone of razors,” according to Dave Alexander (n.d.). Birchbox Man had over 1,100 reviews of the Truman razor, with an average of 4.4 out of 5 stars (Birchbox, n.d.). In the consumers’ reviews, one comment was the most consist of all them, “While the Truman handle felt good in your hand, it would tend to slip out from time-to-time, if wet.”
  • 23. For those wanting to go beyond the handles, the starter kits will come with your choice of the “Winston” or the “Truman” handle, 3 blades, and a foaming shave gel or a tube of shave cream (Harry’s, n.d.). Consumers who want a great shave, but also want out of the corporate monopoly, are enjoying the Harry’s starter sets. Scott Gruby was all about saving money on his recurring expenses and was hoping for a shave that was as good as the Gillette Fusion. Scott (2014) found that the shave seemed much closer than his Fusion. He even returned his unopened package of blades he bought from Costco ($52 for 14 blades) and ordered 16 blades for $25 (free shipping on ordered over $10).
  • 24. The one problem with this method of buying shave products, is the planning and ordering. Using a product like Gillette, Bic or Schick, you can just run down to the grocery store and be shaving within a few minutes or hour. Harry’s does allow you buy products separately, but also offers the shave plans with auto-pay. Cutting out the so-called, “thought process,” allowing you take out the worry of placing an order. Brand Imagery, Perf., Personality, Feelings & Judgments (Consumer Perspective) While brands like Gillette tend to play on these futuristic features of their razors, Harry’s has done quite the opposite and consumers are taking notice. The imagery of Harry’s and perception by consumers is, Harry’s is trendy and hip brand. While most mass-market razors have a very cheesy overly decorated look, the Harry’s razor looks elegant and understated (Alexander, 2014). Compared to other brands (Gillette, Schick, Bic, and Dollar Shave Club), Harry’s is perceived as beautifully designed and as previously noted, the iPhone of razors. One reviewer noted that the design of the Truman handle was remarkable. It’s intuitive and comfortable to hold, and feels classier than the spaceship-inspired Gillette and Schick handles (Razorpedia, 2013). Harry’s direct-competitor, in the online-order space, Dollar Shave Club is perceived as less expensive and for the average Joe (Hoekenga, 2014). Consumers perceive Harry’s as a way to enjoy the actual process of shaving, without overpaying, whereas consumers view the Dollar Shave Club as a way to avoid unnecessarily inconvenient and expensive trips to Target (Hoekenga, 2014). Of those who have tried Harry’s, many found the blades lasted longer than major brands, Gillette and Schick, which tied back to the reliability of the brand performance of Harry’s.
  • 25. Brand Elements and Brand Associations One consumer after seeing the brand logo and emblem felt that Harry’s portrayed a fresh boutique and high-end shave experience (Martin, 2013). While consumers have like the clean-minimalistic look from Harry’s, not many knew the meaning behind the “Wooly Mammoth” logo. The idea behind the Wooly mammoth is quite creative and something Harry’s should promote a little better on their site. The clean paperboard packaging, designed by Prime Studio, has consumer liking the very simple, minimal, and clean-looking design (Martin, 2013). There is no doubt that consumers who have seen Harry’s products and packaging, found it aesthetically pleasing, matching the look and feel of their website. Harry’s was recently awarded an extension for the trademark of “Harry’s Razor Company,” in the U.S. and internationally, on August 18, 2014 (Justia, n.d.). Being that Harry’s is still considered a
  • 26. startup, not too many people would recognize the Wooly Mammoth logo or the H with apostrophe logo. Harry’s sticking with that “trendy/startup theme,” adapts or even stays ahead of other brands, in terms of adaptability. Currently, the clean-aesthetics is part of that innovative and trendy crowd and speaks to those who Harry’s is trying to reach. This all ties back to the look of their website, which was classified as, “The page I would want to stare at all day” contest (Hoekenga, 2014). Compared to Gillette, Schick, and Dollar Shave Club, Harry’s wins over all their competitors, in terms of likeability. With the subscription-model as at a fever pitch, there is no better brand for Harry’s to align itself with, than Birchbox. Birchbox (n.d.) is the leading discovery commerce platform and is redefining the retail process by offering consumers a unique and personalized way to discover, learn about, and shop the best beauty, grooming, and lifestyle products on the market. As the go-to site for learning about new products in these categories, Harry’s has tied itself to this brand association, as a way to introduce the “Winston” and “Truman” razors. Being that Harry’s is still in the startup phase,
  • 27. many general consumers wouldn’t know the Harry’s name on other products. Harry’s recently launched a new product, an after-shave, but in the not-so-distant future, we might be seeing the Harry’s name on a deodorant also (Empson, 2014). Marketing support Program Harry’s has focused sales to their website only, but is looking to expand into barbershops in NYC and San Francisco, in the coming months. Consumers that have learned about Harry’s have done so in two ways, social media (word-of-mouth) or internet click ads. Harry’s strengths come from their brand associations (Birchbox Man, MacWorld) and that word-of-mouth advertisement of their fans. Another strength, Harry’s owns the razor blade factory in Germany, which allows them to have complete control of the process. Harry’s is already priced low, with the exception of Dollar Shave, who starts at a $1. The biggest threat for Harry’s comes down to P&G boosting their marketing budget for the Gillette and the Schick brands. Harry’s has money to throw at marketing, but rather allocate the resources to product design, innovation, and other comparable new-product categories. This could be one of Harry’s biggest opportunities, if they would add more marketing channels and tactics into the mix. Dollar Shave Club uses witty viral videos to catch the attention of men and women on the net and while this isn’t Harry’s “cup of tea,” they need to come up with a strategy to fight off the threat of losing a share to DSC.
  • 28. COMPETITIVE ENVIRONMENT Gillette Fusion Sitting on the cartridge throne, is the Gillette Fusion Proglide. For better or worse, this five-blade razor dominates the market (Sharpologist, 2013). But the price in replacements cartridges has given rise to Dollar Shave Club and Harry’s, who think they can provide the same shave at a cheaper price. Gillette Fusion is a five-blade razor, released in 2006, which features five blades on the front and a sixth blade on the rear for trimming. The latest version, Fusion Proglide, features a lower-resistance coating on thinner blades (Sharpologist, 2013). Most consumers would agree that the Proglide does provide a very good shave and by most accounts, has a respectable cartridge life (Sharpologist, 2013). One of the big reasons for the rise in startup shave-brands is the price of Fusion cartridges, easily the highest in the industry. $5 per cartridge (in a four cartridge pack) down to a slightly more manageable $3 range for a bulk pack (14-16 cartridges) from a warehouse likes Sam’s or Costco (Sharpologist, 2013). Schick Hydro Accorinding to Sharpologist (2013), Schick, the number 2 of the razor wars in the U.S., released their Hydro line in 2010. Carrying both a three-blade and a five-blade cartridge, while distinguishing themselves by having a “lubrication reservoir” on the cartridge and “skin guards” between the blades to reduce friction (Sharpologist, 2013). For those who have tried both the Schick Hyrdo, they would agree that it is better than the Quattro four-blade razor, though not as good as the Fusion. While having a better
  • 29. cartridge life, compared to the Proglide, which is around two weeks of shelf life (Sharpologist, 2013). Cartridges for the Hydro ranged from $3.37 per cartridge in small quantities at retail outlets, to $1.87 per cartridge in bulk (Sharpologist, 2013). Dollar Shave Club The cheapest of them all, Dollar Shave Club offers you a razor at $1 per month (introductory price). You can decide on a $6/month and a $9/month, depending on the quality of blades you are looking for. The Dollar Shave Club’s 4X was used by a reviewer and handled well, but had the same cheesy overdone look as the Gillette Fusion and most other mass market razors are guilty of (Alexander, n.d.). Alexander (n.d.) who also reviewed the Harry’s razor, said he would prefer something that was a little more elegant and mature handling in the shower (like the Harry’s razor). Harry’s Harry’s blades compared to the competition, is where they really shine. A 16-count of Harry’s razor will run you $1.56 per cartridge, which is much cheaper than the similar
  • 30. Gillette Fusion Proglide blades (Alexander, n.d.). Of those who have switched from Gillette and even a few from Dollar Shave Club, they have become Harry’s loyalists, today. Charts & Exhibits In the reviews of Harry’s, these were some of the words that were associated with the startup. Due to their forward-thinking design, they were seen by innovative to many consumers and reviewers, which also tied into high-quality. As a startup, Harry’s is
  • 31. focused on creating beautiful products that look trendy, but at a fair price, both words that were tied to them by many. During this session, three questions were asked, with a total of 7 respondents, all being female. The first question, have you ever considered a monthly subscription-service for shaving products? Please note the blue-color should have represented the “No” category and green representing “Yes”. Of the 7 respondents, four answered “No,” to have ever considered a monthly shave subscription. The “other” category represented a respondent who didn’t answer the question, but only acted intrigued about the idea. Overall, this would seem to not bode well for Dollar Shave Club, who has built their model on subscription only. Harry’s offers a monthly subscription, like Dollar Shave,
  • 32. but focuses more on the experience and the ability to buy their products on an individual basis. Question 2, was a bit more scattered and therefore no chart or graph was made for the random responses. Question 2 asked, “What are the one or two things that keeps you from considering the Harry’s subscription model?” The main responses came down to not knowing of Harry’s and not the target audience. While Harry’s is targeted to men, it focuses on the design and handling of the product and therefore has also been used by the female demographic. If nothing else, this shows the need to focus on gender neutral or a female-specific product. The third and final question asked, “How important is it for you to buy from a brand that gives back?” 57% responded that it was somewhat important, more as a bonus, but wouldn’t really affect their buying decision. Only 14% stated it was important for them, but with the way Harry’s has their pricing-model, it is a great option for the price
  • 33. and the added benefit of give a razor for a razor sold. Something that speaks well of the brand and giving back, something that isn’t shown by the big brands. IV. RECOMMENDATIONS Overall, Harry’s brand elements are near perfect and aesthetically pleasing. Those clean looking brand elements are also relevant to their target audience. However, Harry’s has fallen short in their overall marketing and advertising, and this is where our recommendations will come into play, if they are to gain an overall 10% share of the market. Harry’s has made a focus on experience and less about the value, even though the value is there. Recommendation 1 Strategy – create a video marketing strategy to gain more awareness and reach across social channels and website. Tactic – create an “about video” on the Harry’s homepage. Video would be activated in the mirror of the bathroom, with the current look and feel. The idea here is connecting with the audience and telling the story of the Harry’s shave experience and the value also. Video would also be added to their YouTube channel and pay for sponsored spot on YouTube’s homepage also.
  • 34. Recommendation 2 Strategy – currently Harry’s has built relationships with Birchbox Man and J.Crew. The strategy would be growing reaching out to other retail groups, like Gap and Banana Republic. In the past, Banana Republic has been seen as an older demographic, but this is changing. Gap Inc. hired Marissa Webb as the creative director and executive vice president of design and it is drawing in younger demographics to shop Banana Republic. A partnership between the three would target the same target audience and bring value to each. Tactic – Harry’s would offer a free Truman handle to any Banana Republic or Gap customer that spends over $150. On top of the coupon, there would be a hashtag, #dapperlikeharrys. If a customer shares a photo of their purchase with the hashtag, they can get an additional $5 off $25 spent at Harrys.com. Recommendation 3 Strategy – develop and promote a smartphone app for iOS and Android. Features of the app will tell about some of the brand elements: the meaning behind the name and wooly mammoth logo. Other possible features of the app could be a reminder service for those who are current customers, shave “how-to” videos, and possible even price check. Customer could scan blades at the local store and see the price difference between store brand’s and Harry’s.
  • 35. Tactic – app links would be featured on the Harry’s homepage, pointing them to the Google Play Store and to iTunes. Just like Birchbox, Harry’s could offer a discount to first-time downloads of the app, with a clear call-to-action. Recommendation 4 Strategy – develop a content marketing plan through blogging, email, and social media that helps build on the brand equity of Harry’s. Tactic – on the Harry’s website would be a content hub that features some of the same “how-to” videos on shaving and other body-care. Tying into Harry’s University would be more blog content about things to put on and take off of your resume, how to get an internship, how to land your first job, etc. Harry’s in effort to do list building, could offer a weekly newsletter that features articles from the hub. The key is delivering value that adds value and creates relationships with the key buyer personas.
  • 36. References Alexander, D. (n.d.). A review of Harry's shaving products. Retrieved from http://menshair.about.com/od/shavingproductreviews/fr/A-Review-Of- Harrys-Shaving-Products.htm Alexander, D. (n.d.). Dollar Shave Club review. Retrieved from http://menshair.about.com/od/shavingproductreviews/fr/A-Review-Of-The-Dollar- Shave-Club-4x-Razor.htm Amazon. (n.d.). Amazon.com: Customer reviews: Harry's razor replacement blades 4 Pack. Retrieved October 6, 2014, from http://www.amazon.com/Harrys-Razor- Replacement-Blades-Pack/product-reviews/B00HGZ5KA2 Bic. (2014). BIC'tween us - N°4 - 2014. Retrieved September 22, 2014, from http://www.bicworld.com/BIC-Annual-Report-2013/#/14 Bic. (2014, July 31). H1-Q2 2014 results. Retrieved September 22, 2014, from http://www.bicworld.com/img/pdf/BIC_H12014Results_Presentation_31JULY142. pdf Birchbox. (n.d.). Harry's Truman razor customer reviews. Retrieved October 6, 2014, from https://www.birchbox.com/men/feedback/review/index/product_id/12732/ Brodsky, M. (2014, February 18). Five questions (or so) with Harry’s. Retrieved from http://whartonmagazine.com/blogs/five-questions-or-so-with-harrys/ Caminiti, S. (2014, May 19). Warby Parker co-founder takes on Gillette. Retrieved from http://www.cnbc.com/id/101611902 Cava, M. D. (2014, June 10). Change agents: Harry's has shaving in a lather. Retrieved from http://www.usatoday.com/story/tech/2014/06/10/change-agents-harrys-e-commerce- shaving-site/9984195/ CB Insights. (n.d.). Competitor funding [Graph]. Retrieved from https://www.cbinsights.com/c-4c41e9780633cf5bfaf19f928757989a# Cheng, A. (2014, April 29). P&G’s Gillette promises guys no longer need to twist their faces while shaving. Retrieved from http://blogs.marketwatch.com/behindthestorefront/2014/04/29/pgs-gillette-promises- guys-no-longer-need-to-twist-their-faces-while-shaving/ Dollar Shave Club. (n.d.). Razor blades for men shipped right To your door. Retrieved from https://www.dollarshaveclub.com/our-blades Empson, R. (2014, January 22). 10-month-old Harry’s lands $122.5M, buys 93-year-old factory to take on shaving heavyweights, Gillette and Schick. Retrieved from http://techcrunch.com/2014/01/22/10-month-old-harrys-lands-122-5m-buys- 93-year-old-factory-to-go-toe-to-toe-with-gillette-and-schick/ Forbes. (2013, November). Gillette on the Forbes world's most valuable brands list. Retrieved from http://www.forbes.com/companies/gillette/ Gross, D. (2014, January 24). After 100 years, the shaving industry is finally being disrupted. Retrieved from http://www.thedailybeast.com/articles/2014/01/24/after- 100-years-the-shaving-industry-is-finally-being-disrupted.html Gruby, S. (2014, June 23). Review: Harry’s razors [Web log post]. Retrieved fromhttp://blog.gruby.com/2014/06/23/review-harrys-razors/
  • 37. Harry's. (n.d.). Auto-refill men's razor cartridges & shaving cream. Retrieved September 22, 2014, from https://www.harrys.com/auto-refill Harry's. (n.d.). Our story - Making quality crafted men's razors. Retrieved from https://www.harrys.com/our-story Harry's. (n.d.). H'University. Retrieved from http://www.huniversity.co/ Harry's. (n.d.). Terms of Service | Harry's. Retrieved from https://www.harrys.com/terms-of-service Harry's. (n.d.). The Truman - quality designed men's shaving razor. Retrieved from https://www.harrys.com/products/the-truman Hoekenga, W. (2014, May 23). Copywriting face/off: Harry’s vs. Dollar Shave Club. Retrieved fromhttp://www.copygrad.com/2014/05/23/copywriting-faceoff-harrys-vs- dollar-shave-club/ Hoover, B. (2014, July 25). The razor lineup [Photograph]. Retrieved from http://thebenjamin.wordpress.com/2014/07/25/a-razor-showdown-gillette-mach3- turbo-vs-harrys-winston-razor-vs-dollar-shave-club-4x/ Justia. (n.d.). HARRY'S RAZOR COMPANY Trademark Application of ADKM, Inc. - Serial Number 85635143 :: Justia Trademarks. Retrieved October 6, 2014, from http://trademarks.justia.com/856/35/harry-s-razor-company-85635143.html Keller, K. L. (2013). Strategic brand management: Building, measuring, and managing brand equity (4th ed.). Harlow [etc., U.K.: Pearson. Martin, R. (2013, May 8). Design envy: give a shave: Harry's. Retrieved from http://designenvy.aiga.org/give-a-shave-harry%E2%80%99s/ P&G. (2014). P&G 2014 annual report. Retrieved from http://www.pginvestor.com/interactive/lookandfeel/4004124/PG_Annual_Report_2 014.pdf Razorpedia. (2013, March 30). Harry's razor review [Web log post]. Retrieved fromhttp://www.razorpedia.com/blog/harrys-razor-review Statista. (2014). U.S. CPG shopping online: Share of consumers by category, 2013. Retrieved September 21, 2014, from http://www.statista.com/statistics/293768/us-cpg-shopping-online-share-of-consumers- by-category/ Thorne, J. (2013, March 14). Harry's grooming. Retrieved from http://www.coolhunting.com/style/harrys-grooming.php Tschorn, A. (2013, March 22). Meet Harry's, a new online-only go-to for guys' grooming gear. Retrieved from http://articles.latimes.com/2013/mar/22/news/la-ar- meet-harrys-the-newest-online-outpost-for-guys-grooming-gear-20130322 Tschorn, A. (2013, March 23). Andy Spade is old-school cool. Retrieved from http://www.latimes.com/fashion/alltherage/la-ig-0324-andy-spade-20130323- story.html#page=2 Uncrate. (n.d.). Harry's x Uncrate HIC. Retrieved from http://uncrate.com/stuff/harrys-x- uncrate-hic/